Waldman Pools manufactures swimming pool equipment Waldman estimates total manufacturing overhead costs next year to be $1,200,000. Waldman also estimates it will use 24.000 direct labor hours and incur $800,000 of direct labor cost next year. In addition, the machines are expected to be run for 18.750 hours Read the requirements 1. Compute the predetermined manufacturing overhead rate for next year assuming that the company uses direct labor hours as its manufacturing overhead allocation base Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor hours as the manufacturing overhead allocation base, Predetermined manufacturing overhead rate per DL hour 2. Compute the predetermined manufacturing overhead rate for next year assuming that the company uses direct labor cost as its manuacturing over base Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor cost as the manufacturing overhead allocation base (Enter the rate as a whole percent) Predeformined manufacturing overhead rate % of DL cost base 3. Compute the predetermined manufacturing overhead tale for next year assuming that the company uses machine hours as its manufacturing overheaballocation Identify the formula and compute the predetermined manufacturing overhead rate for next year using machine hours as the manufacturing overhead allocation base Predetermined minutacturing Overhead rate per machine hr